After getting a slight break on their auto insurance rates during the pandemic, drivers in the U.S. are now seeing rates escalate, the Best Money website reports today (June 7, 2024).
If your car insurance is currently paid, you drive fewer than 37 miles a day, and live in a qualified zip code, you may get an extremely high discount.
According to Bankrate.com, the average cost of car insurance in 2022 is $1,655 per year. The rising inflation rate and an increased number of accidents on the road are resulting in even higher rates in many states.
The most significant way for drivers to move money on car insurance is to shop around for the best rates. Often, a consumer's best chance to save many dollars on their insurance bill is to find a new provider using a comparison website, such as BestMoney.com, which provides you with the added advantage of lower prices and great deals.
When drivers visit sites like BestMoney.com, they can view all the best rates in their area. Survey data indicates it is possible to save up to $820 per year on your car insurance rates.
Experts recommend getting at least three price quotes from providers before you buy new car insurance.
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